Georgia Community Association Manager (CAM) License Practice Exam

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• What should a proxy-holder do if they suspect the proxy is invalid?
• Which of the following is NOT a duty of the Board of Directors?
• What limitation is placed on creditors during a bankruptcy proceeding?
• What does JTROS stand for in property ownership?
• What are the two required insurances for Georgia Community Association managers (GCAs)?
• Which legal concept is focused on the conduct of associations influencing property owners?
• When does the declarant lose the right to appoint and remove directors in a One Phase condominium project?
• Who among the following does NOT require a license to provide CAM services?
• What type of proxy allows the proxy-giver to direct how the proxy-holder must vote?
• What triggers the calling of a special meeting in a community association?
• What factor does NOT contribute to the total amount of a lien?
• According to the NPCC, what is the required number of directors to conduct a meeting in an HOA?
• What is one restriction on using the membership list without Board consent?
• Which characteristic is included in the Fair Housing Act's list of protected categories?
• Do members of a cooperative have ownership rights similar to those of homeowners in a traditional context?
• How long is a judgment lien, like a FiFa, enforceable from the date of judgment?
• Which duty entails making educated decisions in the best interest of the community?
• Which statement accurately describes the difference between the Board and the Officers?
• What is the policy regarding developer turnover in a Homeowners Association (HOA)?
• A director has a conflict of interest if they:
• If a director cannot disclose a conflict due to attorney-client privilege, what must they do?
• In the dissolution process, who typically adopts the plan of dissolution to distribute assets and liabilities?
• Which of these is NOT a type of legal description?
• What does the Georgia Real Estate Commission primarily protect consumers from?
• What happens to a joint tenancy when one owner decides to sell their share?
• After the termination of a contract, how long does the broker have to return documents?
• What must be included in a Short Form Legal Description?
• Which type of foreclosure does not require a lawsuit in Georgia?
• What can happen if a board member misses specified meetings as outlined in bylaws?
• What is the term for a person’s living arrangements relative to age that is recognized by the Fair Housing Act?
• How do Tenants in Common typically hold ownership?
• What is the primary role of the declarant in the formation of a condominium?
• What must a covenant clearly establish to avoid being considered vague and indefinite?
• Can a licensed Community Association Manager provide services directly to their own community?
• What is the significance of property liens?
• What is a critical aspect a proxy-giver should be aware of regarding valid proxies?
• What is the minimum age requirement for CAM and salesperson candidates?
• Can a board member be considered present at a meeting if they cannot be heard by all others?
• What occurs when a joint tenant dies under the JTROS concept?
• In the event of a lien being wiped out, what can associations not collect for?
• What is required for directors to pass a vote outside of a meeting?
• What does a Quit Claim Deed imply about the grantor's title?
• What must be true for a valid easement to exist?
• As a Community Association Manager (CAM), what must you disclose to your real estate agent when selling your house?
• What is a Lien?
• Can a GCA charge a unit more than $5,000 for their deductible?
• What does CAM stand for in the context of real estate in Georgia?
• What must be true of covenants in a community association to ensure they are legally enforceable?
• What is the required majority for a vote to be passed at owner General membership meetings according to the NPCC?
• What is a key benefit of having a reserve account?
• Why must a CAM check with their broker before entering into a contract with another brokerage?
• Are boards required to send annual meeting notices to owners who are delinquent or in violation of the covenants?
• Which document is necessary for selling personal property?
• Which of the following is NOT a role typically played by members (owners) of a community association?
• Which type of information should never be available for member inspection?
• How often should the board notify members about their rights related to records inspection?
• Who has the authority to elect the directors of a community association?
• According to the GCA, what is the maximum amount a board of directors can impose for a special assessment without a vote from unit owners?
• If there is a conflict between the broker and the association's directives, who has authority?
• What is one scenario in which a meeting action can be challenged?
• What must happen if people start to leave a meeting after a quorum has been established in a GCA?
• To voluntarily terminate a Condominium (GCA), what fraction of owners/mortgagees must vote in favor?
• What duty must board members and officers fulfill according to the Nonprofit Corporation Code?
• When are Officers typically elected in a community association?
• How many years does a lien last before it cannot be used for collection actions?
• What is the minimum requirement for a board member's presence during a meeting?
• What is the role of officer reports in the annual meeting agenda?
• What must the Board of Directors do within 30 days after the beginning of the fiscal year?
• How should a director resolve a conflict of interest?
• Who typically elects the first board of directors in a community association?
• Which of the following is a requirement for a GREC Qualifying Broker?
• What should the board do when encountering a sensitive topic in an open board meeting?
• What year was the Georgia Real Estate Commission (GREC) established?
• If an annual or special meeting does not achieve quorum, which type of meeting is called?
• What is the consequence of sending a defective notice for a meeting?
• What is the significance of the consideration stated in a deed?
• What is a common requirement for restoring services in a Homeowners Association?
• Under the Right to Repair Act, how many days must an association give a contractor notice of a defect before filing suit?
• Can a Property Owners Association (POAA) or Homeowners Association (HOA) charge more than $5,000 in a deductible to lot owners?
• What must an HOA do to establish lien rights against a property?
• In a Georgia community association, how do owners share interests in common elements?
• Community Association is to Broker as Principal is to?
• If there are 5 people on the board and 3 are present, is unanimous consent required for action?
• Which of the following describes Public Encumbrances?
• What does "severability" in a contract refer to?
• Which of the following is a responsibility of the Georgia Real Estate Commission?
• Which of the following can be classified as a discriminatory practice under the Fair Housing Act?
• In a phased condominium project, when may the declarant lose rights to appointment of directors?
• If a quorum is not maintained during the course of a meeting in an HOA, what is the implication?
• What happens to a corporation's ability to carry over losses under IRS Form 1120?
• What is one potential consequence of a director undermining the board's decisions?
• What occurs if a person dies without a will and no heirs exist regarding their property?
• Which of the following can a broker NOT do without proper authorization?
• What is a primary feature of cash basis accounting that differentiates it from accrual accounting?
• Are copies, faxes, or emails of proxies considered valid?
• What should the board do after receiving a request to inspect and copy records?
• How much notice is required for special meetings of the board of directors as per GCA and POAA requirements?
• For GCAs and POAAs, which of the following is NOT a requirement for the lien process?
• Who can serve as a proxy holder in a meeting?
• What limitation is placed on debt collectors under the Fair Debt Collection Practices Act (FDCPA)?
• If an HOA passes an amendment with 65% of owners consenting, what percentage of owners must follow this new amendment?
• What type of debts remain the responsibility of an owner after a bankruptcy dismissal?
• In a Property Owners Association (POAA), what fraction of owners is required to vote in order to amend a covenant?
• Which task is commonly delegated to Community Association Managers?
• What is the significance of the automatic statutory lien for GCAs and POAAs?
• During a board meeting, what is required for participants if a sensitive matter arises?
• How is a deed made valid or enforceable?
• In a cooperative, what do members own?
• What action must owners take to initiate a special meeting?
• Which of the following steps is NOT part of the collection process for associations?
• What generally needs to be recorded with a deed for it to be enforceable?
• Which statement is TRUE about a dissenting director?
• What is the required notice period for an annual meeting in a GCA or POAA?
• Are GCA covenants considered perpetual, similar to a POAA?
• Which of the following describes the four rights of property ownership?
• What automatically becomes part of the common elements in a community association?
• Who typically prepares the annual operating budget for the community association?
• What is defined as the minimum number of people required to conduct official business in a meeting?
• Where are Recorded Deed records typically kept?
• When is fidelity insurance required for a broker?
• What is the first step to dissolve a community association?
• What is a Condominium defined by?
• Which documents are considered Easy Records for a community association?
• Which document outlines the obligations of the community association management process?
• What might happen after a lender foreclosure regarding the association's lien?
• What is the educational requirement for CAM, salesperson, and broker candidates?
• What is a necessary component of a condominium legal description?
• What must directors and officers prioritize according to the Duty of Loyalty?
• What must a member provide to request a copy of Easy Records?
• Which action permanently prohibits creditors from collecting certain debts from an owner?
• At a meeting, what happens if both the proxy-giver and proxy-holder attend?
• What determines a quorum for meetings in an HOA according to the NPCC?
• Does the condominium corporation in Georgia own any of the common elements?
• Which of the following is NOT one of the required documents for creating a condominium under the GCA?
• What might be the worst result for an association at a foreclosure sale?
• What is the minimum percentage of owners required to request a special meeting in a Georgia Community Association?
• What is the minimum coverage for fidelity insurance based on fund access?
• In adult-only communities, what is the minimum age for at least one resident of the dwelling?
• What must the written notification for Hard Records include?
• What recourse is available if an owner does not comply with a post-judgment payment order?
• What documents must be included in the Association Turnover Checklist?
• What is one of the primary roles of the President in a community association?
• Under what circumstances is a director's assent to board actions considered valid?
• What information does "legal description of property" include?
• What is required for a termination agreement to be valid when terminating a GCA?
• What is the tax filing deadline for community associations if their fiscal year aligns with the calendar year?
• Which of the following is NOT required on a deed to sell real property in Georgia?
• What is the role of a lien in terms of property sales?
• What fraction of owners in a Georgia Community Association (GCA) must vote to amend a covenant?
• What does a higher deductible generally imply about an insurance plan?
• Under what condition can owners in a GCA or POAA take control from the declarant?
• What does real property include?
• Can a broker solicit business from another brokerage?
• What is the relationship between unit owners and the common elements in a condominium?
• Which of the following describes Long Form Legal Description?
• What legal entity must be formed to operate a condominium according to the GCA?
• How many percent of the dwellings in adult-only communities must be occupied by someone who is 55 or older?
• What percentage of voting power must be present for a member vote to be allowed on issues not included in the meeting notice?
• Which term describes a situation where an association inadequately acknowledges a chance to enforce rules?
• What is one way for the board to address a dissenting director?
• What is a primary purpose of maintaining an association's website?
• What types of property can become part of a Homeowner Association (HOA)?
• True or False: Only condominium corporations are impacted by state laws regarding turnover processes.
• Which action will automatically invalidate a proxy?
• What are the primary responsibilities of the Board of Directors in a community association?
• Which of the following best describes 'Laches' in community association management?
• Who is referred to as the grantor in a real estate transaction?
• In a Chapter 7 bankruptcy, what is the result for the owner regarding pre-petition debts?
• What factor typically differentiates a Property Owner's Association (POA) from a Homeowner Association (HOA)?
• What occurs if no quorum is present at an owners' meeting?
• How many votes are required to conduct a meeting in a GCA or POAA, unless specified otherwise?
• Which of the following is listed in the Articles of Incorporation for a condominium?
• What is one protected characteristic under the Fair Housing Act?
• Which of the following refers to property that is movable in nature?
• How do members of a cooperative contribute to the upkeep of their property?
• What type of deed would offer the least protection to a buyer?
• Is it true that an owner can be charged a specific assessment for damage caused by driving into a POAA entrance sign?
• Are non-board members required to receive notice of board meetings?
• What does the acronym FITFIL stand for?
• What must a broker obtain before selling real estate in a community they also manage?
• True or False: A declarant may be exempt from assessments for the first 24 months if the declaration allows it, provided they pay the difference between fees assessed against other owners and actual common expenses.
• Which tax rate applies to corporations using Form 1120?
• What percentage of owners is required to call a special meeting in an HOA according to the NPCC?
• Which of the following is NOT considered a related person to a director or officer?
• What is one of the responsibilities of the Board related to the common areas?
• Which of the following can perform Community Association Management (CAM) services without a license?
• What happens if an association allows a violation to persist without action?
• What must an exclusive management agreement with community associations include?
• What is the course requirement for obtaining a CAM license?
• If a GCA/POAA lien is wiped out by a tax or lender foreclosure, what is one available option for the association?
• True or False: The first board of directors of an association is documented in the Articles of Incorporation.
• What is 'Eminent Domain'?
• What is the typical agenda for an annual meeting of the owners?
• In the context of budgeting, what does "justifying every dollar" mean?
• When hired by a brokerage, is it necessary to notify the GREC?
• What is the purpose of a financial records compilation?
• What happens if a proxy-holder arrives after a meeting has been called to order?
• What does a financial audit seek to verify?
• What does Encroachment refer to?
• What is the statute of limitations for covenant violations in Georgia?
• How is income from member operations treated for tax purposes under Form 1120-H?
• In the case of conflicting Association documents, which document has the highest authority?
• If the board is unable to identify the signature on a proxy, what is their course of action?
• What happens if a member presents a challenge to the meeting notice but does not participate or vote?
• Which categories represent the two types of property?
• What is required to approve a transaction involving a director with a conflict of interest?
• What document is required to sell real property?
• True or False: A lien must be paid at the sale of a property for a buyer and their lender to obtain a title insurance?
• What type of property includes items like furniture, crops, and cut timber?
• Which concept describes the government's authority to take private property for public use?
• What is the role of a Community Association?
• What is the role of the qualifying broker in relation to a CAM?
• What method is used to determine the need for a special assessment?
• What action must an association take before suspending rights and services to a delinquent owner?
• Does a Property Owner's Association (POA) need to file liens for unpaid assessments?
• Which task is typically handled by the Secretary of a community association?
• What are Private Encumbrances concerned with?
• For an HOA's annual meeting, how much notice is required?
• What provisions are typically included in the bylaws of a corporation?
• In which of the following categories is 'Handicap' protected under the Fair Housing Act?
• In what year was the Community Association Manager (CAM) created in Georgia?
• Can a new director be elected to fill a vacancy even if the board is not at quorum?
• What must be done regarding the board of directors before the first unit is conveyed in a new condominium?
• What does a CPA do during a review of financial records?
• What is the term length for officers in a community association, unless specified otherwise in bylaws?
• True or False: A declarant can appoint and remove directors of a single-phase condominium until 80% of the units are sold.
• What is required for a proxy to be valid according to the regulations?
• In a Property Owners Association (POAA), how are liens treated compared to a Homeowners Association (HOA)?
• What is the purpose of a proxy in a community association context?
• How long do HOA covenants typically last before needing renewal?
• What type of gathering is held to spread information or answer questions about proposed actions?
• What is typically included in the maintenance section of the Association Turnover Checklist?
• What must owners do to request an exemption from paying assessments in a POAA?
• What is the primary responsibility of the Officers in a community association?
• What is a potential outcome if a third party purchases a property at a foreclosure sale?
• What defines limited common elements in a community?
• If a proxy-holder has not received instructions, how should they proceed?
• How many proxies can a single proxy-holder typically hold for a meeting?
• What is the typical duration of a proxy if not otherwise specified?
• What takes precedence in the context of GCA and POAA liens?
• What is NOT considered a characteristic protected under the Fair Housing Act?
• True or False: The GCA's insurance covers personal belongings of the owner or upgrades they have made.
• What is a key characteristic of Joint Tenants ownership?
• What is a requirement for unincorporated payees regarding the 1099 Form?
• What document must be filed with the Georgia Secretary of State to create a corporation?
• Can a Property Owners Association (POA) or Homeowners Association (HOA) be established in a high rise building?
• In a management contract, what typically describes the need for brokers selling real estate in a managed community?
• What does it mean if a proxy is considered "directed"?
• What happens to common elements if they are not part of a specific unit?
• What defines a Limited Warranty Deed?
• Which of the following can the Georgia Real Estate Commission do?
• Most association bylaws typically state that board members shall:
• What is the filing deadline for 1099 Forms with the IRS?
• What action can members take if the association refuses to let them inspect requested records?
• In the context of community association law, what does 'Estoppel' mean?
• What is a requirement for suspending utilities for delinquent owners in a Georgia Community Association?
• What is a key responsibility of the Vice President in the context of a community association?
• In accrual basis accounting, when is income recognized?
• Private restrictions on property can include which of the following?
• What action should be taken if a vote does not pass?
• What is the primary purpose of recording a deed?
• Can a Georgia Community Association (GCA) adopt any architectural style?
• Which type of meeting is required to have notices sent out by the board?
• What does the term 'Police Power' refer to in real estate?
• If a member is ineligible to vote, can they give their proxy to someone else?
• Which of the following is NOT a primary focus of the Fair Housing Act?
• What defines zero-based budgeting?
• What must be included in a proxy for a proxy-holder to transfer authority to another person?
• Does a salesperson and CAM have any authority without a broker?
• How many days does a contractor have to respond after receiving notice of a defect?
• If a community association decides to dissolve, what document must be filed with the Secretary of State?
• Which of the following is a necessary step to take after a majority approves dissolution?
• If board members are paid, should they also pay their association fees?
• Which concept refers to a missed opportunity to enforce a covenant?
• What is the purpose of stating the name and address of the grantee on a deed?
• For an HOA to be considered a corporation, what must they do?
• What is the notice requirement for special meetings according to the GCA and POAA?
• What is the "term" of a contract?
• How many days does a lien claimant have to record their lien after the last date of work performed?
• What legal principle denies an association the right to enforce covenants after inaction?
• What is the main purpose of an Easement?
• What fraction of the membership vote is required for an association to proceed with a lawsuit under the Right to Repair Act?
• A smaller deductible typically leads to which of the following regarding insurance plans?
• What responsibility does the Secretary have concerning legal documents?
• What is the flat tax rate applied to the net amount of taxable income for Form 1120-H?
• Which of the following signifies a conflict of interest that directors and officers should avoid?
• Before inspecting Hard Records, what must the member confirm?
• What does the term 'turnover' refer to in community associations?
• Which document is specifically required for establishing property boundaries in a condominium?
• What does a Warranty Deed promise to the grantee?
• When obtaining a loan for an association, what is typically used as collateral?
• What bookkeeping method do associations typically use?
• Which of the following is NOT included in a lien for assessments?
• What percentage of members usually must approve the dissolution of a community association?
• Why might associations consider establishing a reserve account?
• Which of the following is NOT a licensee type mentioned?
• For members to request Hard Records, what must they demonstrate?
• Authority to bind the brokerage company means being able to?
• Who is referred to as the 'Top Dog of the Real Estate Ladder'?
• What does the Duty of Care require from directors and officers?
• What aspect is NOT part of the condominium's legal description requirements?
• What does "attestation of witnesses" refer to in deed recording?
• How many years can a corporation be administratively dissolved before reinstatement is no longer an option?
• As of July 1st, 1975, what must new condominiums in Georgia adhere to for regulation?
• What does a "charge back" to a unit or lot owner represent in the context of specific assessments?
• What is one of the responsibilities of the Treasurer in a community association?
• How much notice must owners provide the declarant to "cure" certain failures before they can take legal action?
• When should a 1099 tax form be issued by the board?
• What documentation should the board confirm during a review of record requests?
• What content must be included in the notice for an annual meeting of owners?
• What is a key characteristic of a cooperative in relation to ownership?
• What fundamental duty does a Community Association Manager perform?
• How can a director be removed by the members?
• Who is responsible for the property's issues in a Limited Warranty Deed?
• What is the primary focus of cash basis accounting?
• What is one reason an HOA might consider switching to a Property Owner's Association (POA)?
• What is needed for board members to pass a vote during a meeting?
• How many members are there in the Georgia Real Estate Commission?
• What does the Business Judgement Rule (BJR) require from the board of directors?
• Which of the following is considered an example of an encumbrance?
• When was the Georgia Property Owner's Association Act (GPOAA) enacted?
• How should the general assessment be calculated from the budget?
• What is an important task that a Community Association Manager might perform regarding vendors?
• How can a proxy-giver revoke their proxy?
• What is the quorum requirement for owner meetings in a GCA and POAA?
• In regards to community associations, what does the term "covenant violations" refer to?
• What might happen if a community association fails to pay its annual registration fees to the Secretary of State?
• What is a fundamental aspect regulators look for in community association restrictions?
• Which process is typically involved in the handling of association funds?
• If an association needs more money than the budgeted general assessments provide, what action should they take?
• How does a proxy holder's authority compare to the absent member's rights?
• What is the cost benefit of an examination of financial records by review compared to an audit?
• Which of the following is considered a vague term in legal covenants?
• What is the role of a broker concerning the trust accounts held by their brokerage?
• CAM is to Broker as Agent is to?
• What does selective enforcement refer to in community associations?
• What must be done with bylaws after they are adopted for a community association?
• What is the primary purpose of conducting business in an executive session?
• Which of the following is NOT a responsibility of a Community Association Manager?
• In an HOA meeting governed by NPCC, what constitutes a quorum?
• Which professional title is typically responsible for the oversight of community property?
• What must an association provide before foreclosing on a delinquent owner?
• After a lien is filed, how many days does the lien claimant have to file a lien action or risk expiration?
• Which of the following is NOT a protected category under the Fair Housing Act?
• What should be done with written consent obtained outside of a meeting?
• Which of the following is NOT a requirement for a GREC Qualifying Broker?
• What happens if declarants fail to pay property taxes on common property for two years or more?
• What type of records are included in Hard Records for member access?
• What is the primary purpose of requiring fidelity insurance for brokers?
• Who determines the duties of a licensed CAM?
• How is a vote passed according to the NPCC when a quorum is present?